4510 Melody Dr APT 18ConcordCA94521
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Concord at 4510 Melody Dr APT 18, Concord, CA, 94521 earns $835/mo cash flow from $3,154/mo rent with a $1,835/mo payment. Total monthly income totals $3,154/mo, and annual cash flow totals $10,015/yr on $124,313 capital. ROI tracks 27.97% on current figures, and rental yield reads 10.09% at a $375,000 purchase. Equity gained on principal adds $2,420/yr, and 5% annual appreciation supports $103,606 over five years. Five-year ROI reaches 146.04% and total cumulative return in cash sums $181,551. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,154/mo property income instead of your personal income.
Condo
Built in 1982
1,167 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94521, Concord, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,254 (100%) |
| Owner Occupied HU | 11,203 (68.9%) |
| Renter Occupied HU | 4,563 (28.1%) |
| Vacant Housing Units | 488 ( 3.0%) |
| Median Home Value | $850,525 |
| Average Home Value | $898,586 |
Housing Distribution
Address Breakdown
Residential
16,123
Single Family
11,806
Multi-Family
4,317
Businesses
505
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Listed by: Matthew W. Finley • Compass
Mls Name: SFAR
Mls ID: #425065922